Author: Token Flash

Russia is relying on crypto in its oil trade with China and India to navigate Western sanctions. While traditional currencies like the Chinese yuan and Indian rupee remain dominant, digital assets such as Bitcoin (BTC), Ethereum (ETH), and the stablecoin Tether (USDT) are being used to facilitate conversions into Russian roubles, sources told Reuters.  Russia’s $192 billion oil trade has been adapting to financial restrictions since the invasion of Ukraine. Last year, the country passed a law permitting digital currency payments for international trade, but its use in the oil sector had not been previously reported. Crypto payments help streamline…

Is this the moment that turns small investments into generational wealth? The meme coin frenzy is back, and it’s bigger, bolder, and wilder than ever with the Best 100x Cryptos. With each cycle, meme coins shake up the market, turning everyday traders into overnight millionaires. But this time, it’s different. The game has changed, and new players like BTFD Coin (BTFD) are rewriting the rules with real utility, massive staking rewards, and an explosive presale that’s already raised over $6.32 million. If you missed Dogecoin and Shiba Inu’s early days, this is your second chance. BTFD Coin is set to…

Solana’s price has come under pressure over the past two months amid growing concerns about its ecosystem. Solana (SOL) has dropped from its year-to-date high of $295.52 to a low of $112 this week, wiping out $71 billion in market value as its market cap plunged from $139 billion to $68 billion. Solana’s crash was because of the ongoing crypto crash that has brought the total market cap of the whole industry to $2.8 trillion. The price drop has also been fueled by rising concerns about Solana’s ecosystem, which has become increasingly linked to meme coins. The market cap of…

Ethereum Foundation developers are planning to launch the Hoodi testnet before the Pectra upgrade mainnet launch.  Pectra upgrade mainnet launch was delayed after facing configuration issues on Holesky and Sepolia testnets.  The Ethereum Foundation is one of the largest developer communities of crypto. They achieved the first of its kind Merge event, transitioning Ethereum from the PoW to the PoS consensus mechanism. The Ethereum developer community actively works towards improving the scalability and usability of the Ethereum network.  The upcoming Ethereum Pectra upgrade launch on its mainnet is yet to take place. Despite several iterations and testnets, the Pectra upgrade…

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2604.12, up 3.3% (+83.6) since 4 p.m. ET on Thursday.All 20 assets are trading higher.Leaders: LINK (+9.7%) and DOT (+6.7%).Laggards: BCH (+1.3%) and UNI (+1.9%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

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Application-specific integrated circuit (ASIC) chips form the backbone of the bitcoin (BTC) mining industry. ASIC machines are made for a single purpose: To solve Bitcoin’s SHA-256 algorithm as fast as possible in order to collect block rewards.They’re extremely good at it. One of the most widely used ASIC machines, the Antminer S19, is capable of making 82 trillion computations per second — 820 times the number of stars in the Milky Way. The $30 billion ASIC manufacturing market is dominated by Bitmain. The Chinese company’s machines power roughly 80% of Bitcoin’s hashrate, according to TheMinerMag.But Singapore-based bitcoin mining firm Bitdeer…

BRICS explores blockchain and crypto to reduce reliance on the US dollar in trade. Brazil leads a blockchain-based payment initiative, while Russia already uses crypto for transactions. Stablecoins and CBDCs emerge as potential settlement solutions within the BRICS bloc. The BRICS economic bloc, comprising Brazil, Russia, India, China, and South Africa, is shifting increasingly towards cryptocurrency. As well as blockchain payment systems to facilitate cross-border trade. While the coalition is looking for ways to reduce the use of the US dollar for foreign trade, some of the member countries are gravely considering stablecoins and other cryptocurrencies as serious substitutes. Brazil…

Ethereum’s vision appears to be so messy that it leaves EVM changes in limbo, says a former Ethereum Foundation engineer. Frustrated by the lack of direction and stalled progress in Ethereum’s development, a former Solidity expert and compiler engineer claims there is a “lack of a clear and cohesive vision” for Ethereum (ETH) and the Ethereum Virtual Machine, making progress in the latter “impossible.” This is why I left the Ethereum Foundation.There is a lack of a clear and cohesive vision for Ethereum and EVM, making progress in EVM impossible.I’ve seen EVM changes repeatedly shut down because they don’t check…

Sugar Match, the first of its future mobile casual Web3 games, will debut this summer on the Tezos Layer-2, Etherlink. Having released over ten popular Web2 games with a combined player base of over 60 million, Sugarverse is using its wealth of mobile gaming expertise. Sugarverse, a cutting-edge gaming studio committed to building lucrative and sustainable in-game economies, has secured a $1 million USD funding round, marking a significant milestone. Sugarverse will utilize the funds collected from the round to further its goal of transforming blockchain gaming by creating games that leverage a unique sustainable rewards model to reward devoted players. Additionally, the studio said today…